Economy News

Finance Minister Nirmala Sitharaman asks investors to participate in India’s growth story – Mintpaisa

Finance Minister Nirmala Sitharaman has invited investors to be part of India’s economy’s journey to Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and development. investments. India’s Finance Minister, who is here to participate in the AfDB’s 56th Annual Meeting, explained the vision and reform-oriented approach to good governance under the leadership of Prime Minister Narendra Modi to shape the “new India” and redefine its place in the world economic order.

Addressing the Investor Roundtable, Sitharaman spoke about recent reforms in India and highlighted initiatives such as National Infrastructure Pipeline (NIP), National Monetization Pipeline, Digital Public Infrastructure and Production Linked Incentive, in addition to sector reforms real estate and FDI policies.

The minister “has invited investors to be part of the journey of the Indian economy in ‘Amrit Kaal,’ which abounds with immense new opportunities for growth and investment,” the Indian finance ministry said.

During the meeting with the investors, she mentioned that India has emerged as a beacon of hope against the headwinds of the pandemic and the headwinds of geopolitical conflicts to become the world’s fifth largest economy, he said. -he adds.

The minister also thanked South Korean investors for showing continued confidence in India and indicating their willingness and commitment to participate in the production-related incentive program, especially for mobile telephony and electronic components sectors.

Meanwhile, Sitharaman held a meeting with Biman Chand Prasad, Deputy Prime Minister of the Government of Fiji, on the sidelines of the AfDB’s 56th Annual Meeting.

She acknowledged that the full support of the Fijian government extended to the smooth running of the 12th World Hindi Conference which was held in Nadi, Fiji in February this year. Prasad informed the Indian minister that the Fijian government has designated Girmit Day on May 15 – marking 144 years since Indian indentured laborers arrived in Fiji on May 14, 1879 – as a new national holiday in Fiji.

The two leaders discussed the upcoming 3rd Summit of the Forum for Cooperation of Indian Pacific Island Countries (FIPIC) in Papua New Guinea. Prime Minister Modi will chair the summit with co-host and Prime Minister of Papua New Guinea, James Marape.


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